Gold still needs time to adjust at present, and it is difficult to fall to the bottom at once. Long-term positions are easy to handle—just short it blindly. The safe-haven function of gold has become too numb now, and war news is unlikely to have a substantial impact anymore. The sharp decline of the Japanese yen has provided profit space for capital inflows into the US dollar as a tailwind. Currently, the US dollar is leading the way by harvesting Japan as an appetizer. Given the amount of US dollars and Treasury bonds circulating in the market, Japan alone is far from enough to resolve the impending crisis of US Treasury bonds maturing. Money in the market never disappears out of thin air; it only flows from one ditch to another. Previously, it was in the gold market, and later it will be in the high-quality, low-priced market priced in yen. It can be said that the foundation for a long-term decline in gold has been established. Intraday trading in gold is simple: go long near the rising point of the bullish candle at 2319, with a stop loss of 4 dollars and a target of 2340. At the current price of 2339, try a light short position with a stop loss of 5 dollars and targets at 2320 and 2305. Don’t be afraid of stop losses—the essence of a stop loss is a life-or-death bond for traders.